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Latest Global Business News Trump administration restricts Huawei, 68 affiliates from using U.S. supplies
Latest Global Business News Trump administration restricts Huawei, 68 affiliates from using U.S. suppliesTrump administration restricts Huawei, 68 affiliates from using U.S. supplies
The U.S. has been lobbying for months to prevent its western allies from using Huawei equipment in their 5G deployment.
On Thursday, Washington made it more difficult for the Chinese telecom giant to do business on American soil.
Won Jung-hwan gets us up to speed with the developments.
The trade dispute between the U.S. and China has intensified with Chinese telecom company Huawei caught in the middle of the escalating tension.
The Trump administration has added Huawei,... along with over 60 affiliates in more than two dozen countries,... to its so-called 'Entity List' on Thursday.
The latest move that immediately enacts restrictions making it difficult for the Chinese tech giant to do business with American companies,... comes less than 24 hours after the U.S. Commerce Department first gave notice that it was adding Huawei to the list.
The restrictions become official on Friday,… and include a ban on companies on the list such as Qualcomm from buying parts and components from American firms... without the U.S. government's approval.
Getting the approval won't be easy with Washington stating it will review applications under a (quote) "policy of presumption of denial."
The executive order signed by President Trump says... Huawei's products pose a security threat citing a criminal case pending over allegations Huawei violated U.S. sanctions against Iran.
In Europe, however, things are not heading in the direction that Trump wants.
The leaders of countries including Germany and France said Thursday that their governments do not plan to follow the lead of the U.S. and ban Chinese telecom companies from involvement in their national 5G high-speed mobile networks' expansion.
Chancellor Angela Merkel said companies could participate in expanding Germany's 5G network if they met established safety criteria.
French President Emmanuel Macron echoed Merkel's sentiment at an industry conference in Paris saying that it's "not appropriate" to start a trade dispute over technology.
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